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Article Archive
2001
2002
2003
2004
2005
2006
2007
2008
2009
2010
| Is Mr. Market off his meds? | ||
| 12/18/09 Permlink Report Broken Link | Stingy Investing | ||
| "The market often behaves like a deranged manic-depressive and it was clearly off its meds this year. Just last winter it was in a deep funk, and panicky investors couldn't sell fast enough. Then all of a sudden, the gloom vanished, the market reversed course, and it shot skyward. It's all a bit zany. But how should you deal with such massive market swings? Benjamin Graham had the answer. You should help out manic-depressive investors. Buy when they rush to sell. Sell when they line up to buy." | ||
| More articles on the same topic . . . | ||
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| Value Workshop: Indigo | ||
| 08/15/10 Permlink Report Broken Link | Stocks Stingy Investing | ||
| "We're putting Indigo Books & Music (IDG on the TSX) under the microscope today." | ||
| Dividend investing | ||
| 06/21/10 Permlink Report Broken Link | Dividends Stingy Investing | ||
| "By sticking to companies that have the means to pay high dividend yields, you not only get the added bonus of a regular paycheque from your portfolio (now electronically deposited in your investing account), but studies show that you'll likely enjoy a higher rate of return over the long run than the market typically provides." | ||
| Dividend growers | ||
| 06/21/10 Permlink Report Broken Link | Dividends Stingy Investing | ||
| "Only a handful of stocks in the S&P/TSX 60 sport good five-year dividend growth records. Even fewer pay dividends that are well supported by earnings. I'll highlight four that pass both tests, and also happen to trade at modest price-to-earnings ratios." | ||
| Value investing flip books | ||
| 05/16/10 Permlink Report Broken Link | Value Investing Dividends Stingy Investing | ||
| "The flip book helps to highlight a core problem for investors. Namely, the urge to swap out of a good strategy during periods of underperformance which happen frequently and can last for several years. So, be warned. Oh, and also have a little fun with the flip books." | ||
| Free online tools | ||
| 02/17/10 Permlink Report Broken Link | Stingy Investing | ||
| "Looking to add stocks to your portfolio? Free online screeners might help. Just plug in your selection criteria and the software dips into a giant database to find stocks fitting the desired metrics." | ||
| Top 200 Canadian Stocks for 2010 | ||
| 02/02/10 Permlink Report Broken Link | Stingy Investing | ||
| "Our five-year results are similarly stellar. If you had bought equal amounts of the All-Star stocks and rolled your capital gains into the new team each subsequent year, you'd be sitting on a 19% average annual return. By way of comparison, that's more than 14 percentage points higher than the annual return of the S&P/TSX Composite, which sported 4.7% annual gains over the same period. It's been quite the ride, and it got me to reminiscing. Several years ago a former professor of mine came to visit with my performance record in hand. 'Did you know that you've outperformed most mutual funds?' he asked. I didn't. But it was a gratifying observation. That memory prompted me to look up Canada's mutual fund performance over the past five years. It turns out that the Top 200 All-Stars beat every single Canadian equity mutual fund over that period. We topped the best by about 3 percentage points a year and the second best by about 7 percentage points a year. The median Canadian equity fund trailed by 14 percentage points a year." | ||
| 5 Stingy Stocks for 2010 | ||
| 01/29/10 Permlink Report Broken Link | Stingy Investing | ||
| "It's been a good year for Stingy Stocks. The markets still have a way to go before breaking even from the big bust, but the Stingy Stocks are very close to staging a full recovery thanks to 64.5% gains this year." | ||
| Asset Mixer Update | ||
| 01/20/10 Permlink Report Broken Link | Markets Stingy Investing | ||
| "We've just updated the popular Stingy Investor Asset Mixer and Periodic Table of Annual Returns for Canadians to include both nominal and real (or inflation-adjusted) returns for 2009." | ||
| 8 Graham Stocks for 2010 | ||
| 12/24/09 Permlink Report Broken Link | Graham Value Investing Stingy Investing | ||
| "Graham's time-tested strategy for defensive investors beat the market again this year. But that shouldn't come as a big surprise because it's bested the market, often by a wide margin, in eight of the last nine years." | ||
| Top 500 U.S. Stocks | ||
| 12/16/09 Permlink Report Broken Link | Stingy Investing | ||
| "Hints of economic recovery are in the air and the U.S. stock market is starting to sparkle. It's true that a host of worries remain, but that hasn't stopped investors from looking beyond the economy's current troubles to the return to normalcy. As a result, stocks are up smartly from their lows. Even better, our highest-ranked stocks from last year provided some handsome returns. These high-grade U.S. stocks gained 24.1%, not including dividends. That's much better than the S&P 500 (SPY), which only climbed 4.2% over the same period." | ||
| 100% gain to erase a 50% loss | ||
| 09/18/09 Permlink Report Broken Link | Stingy Investing | ||
| "After recoveries of 45% or more in major stock markets since the Crash of 2008, investors may well wonder how it is they're still not back to even. There are two reasons. One, broad markets are still below the highs reached before the crash. Two, the arithmetic of loss means a 50% loss followed by a 50% rise does not mean you're back to even." | ||
| Graham's Simple Way 2009 | ||
| 09/10/09 Permlink Report Broken Link | Graham Value Investing Stingy Investing | ||
| "I like to use stock screens to find interesting value stocks and Benjamin Graham's Simple Way is one of my favourites. Regrettably, the bear market wasn't kind to the Simple Way over the last year. But I've high hopes that value stocks will stage a sterling comeback." | ||
| Timing Temptation | ||
| 06/22/09 Permlink Report Broken Link | Behaviour Stingy Investing | ||
| "Buy-and-hold investing is a crock. That's what many investors are saying these days and, after a bruising bear market, it's not hard to understand why. If only they had sold at the top and bought back at the bottom. Problem is, getting the timing right is much easier said than done." | ||
| Even when down, bet on the best | ||
| 06/22/09 Permlink Report Broken Link | Dividends Stingy Investing | ||
| "As the illustration shows, four of the current 10 "dogs" have yields above 6%: Merck & Co. Inc., Verizon Communications, AT&T Inc. and E I Du Pont de Nemours and Co. Even after massive cuts to their dividends, Pfizer Inc. still yields 4.38% and General Electric Co. 3.24%. Based on current data, Norman Rothery, founder of StingyInvestor.com,would eliminate Alcoa Inc., Bank of America Corp, G. E. and JP Morgan Chase and Co. from the list. They would be replaced with Caterpillar Inc., Chevron, Home Depot Inc. and J&J, after which Rothery's updated list of 10 dogs would sport an average yield of 4.9%. Berkshire Hathaway owns G. E. and Kraft Foods Inc., while Pfizer and Home Depot Inc. are favourites of other prominent value investors. However, Rothery prefers to look farther afield than the Dow." | ||
| Income 100: Summer 2009 | ||
| 05/26/09 Permlink Report Broken Link | Dividends Value Investing Stingy Investing | ||
| "The good news is the top income stocks - those rated A - outperformed the Canadian Dividend ETF by 7.1 percentage points and they bested the S&P/TSX Composite ETF by a whopping 15.6 percentage points." | ||
| Just buy everything | ||
| 05/11/09 Permlink Report Broken Link | Indexing Stingy Investing | ||
| "Ideally, you would have poured money into these funds when markets hit a multi-year low on March 9, but investor timing is notoriously horrible, Rothery said, noting that investors lose between three and five percentage points or more a year from trying to time the market. "They would have been better off, if they're index-oriented, to just stick with an index and go to sleep."" | ||
| Grocery giant offers investors a sweetener | ||
| 05/11/09 Permlink Report Broken Link | DRPs Stingy Investing | ||
| "Grocery giant Loblaw Cos. Ltd. announced a new dividend reinvestment plan (DRIP) yesterday that allows shareholders to use their dividends to purchase additional shares in the company at a 3% discount, a day after releasing impressive first-quarter profits. Loblaws follows Royal Bank of Canada, which sweetened its DRIP in February by offering a 3% discount and Bank of Montreal which announced a 2% discount." | ||
| The case for optimism | ||
| 03/06/09 Permlink Report Broken Link | Stingy Investing | ||
| "The greatest reason for optimism is that stocks are now offering some of the best values in more than a decade. Many quality companies are available at sharp discounts. Second-tier firms are going for a song. Charlie Munger, the U.S. billionaire, says, 'Price is what you pay, value is what you get.' The value indicators I see say that this is the best time to buy since the early 1990s." | ||
| The Top 200 Canadian Stocks for 2009 | ||
| 03/04/09 Permlink Report Broken Link | Value Investing Growth Investing Stingy Investing | ||
| "The market crash of the past few months reminds many people of the Great Depression. But we have a bit of different take on things. As Warren Buffett likes to say, you make money by being fearful when others are greedy and greedy when others are fearful. As agonizing as the past year has been, we think we are now in the middle of a tantalizing buying opportunity." | ||
| The Top 500 U.S. Stocks for 2009 | ||
| 03/04/09 Permlink Report Broken Link | Value Investing Growth Investing Stingy Investing | ||
| "Warren Buffett famously warned, "unless you can watch your stock holdings decline by 50% without becoming panic-stricken, you should not be in the stock market." Well, U.S. stocks are down nearly 50% in one of the worst bear markets ever. It's hard not to be a little panicky. But take a deep breath because there is reason to hope." | ||
| Tumbling the valuations | ||
| 02/06/09 Permlink Report Broken Link | Stingy Investing | ||
| "I staggered into this December's CFA conference on Equity Research and Valuation Techniques in desperate need of a tonic. The great crash was in full swing and once-mighty companies had crumbled under the mountainous weight of dodgy debts. Here's what some of the leading lights of the industry had to say about these troubled times." | ||
| 19 Stingy Stocks for 2009 | ||
| 01/30/09 Permlink Report Broken Link | Value Investing Stingy Investing | ||
| "In good markets and bad, I look for two qualities when hunting for bargain stocks. I want them to be cheap and relatively safe. Not surprisingly, the combination can be difficult to achieve." | ||
| Stingy Investor Asset Mixer 2008 | ||
| 01/12/09 Permlink Report Broken Link | Indexing Markets Stingy Investing | ||
| "Check out our new and improved Asset Mixer. Now with nominal return data to the end of 2008!" | ||
| 4 Graham Stocks for 2009 | ||
| 01/12/09 Permlink Report Broken Link | Graham Value Investing Stingy Investing | ||
| "Over the past eight years I've used my take on Benjamin Graham's time-tested strategy for defensive investors to uncover undervalued U.S. stocks. I'm pleased to say that the overall results have been superb. Over the last year we handily beat the index. But even our 16.8 percentage point outperformance wasn't enough to turn a profit in what is shaping up to be a whopper of a bear market." | ||
| Wicked investments | ||
| 12/20/08 Permlink Report Broken Link | Stingy Investing | ||
| "What constitutes a sin stock? The answer is very much in the eye of the beholder. Tobacco, gambling and defence companies are routinely condemned by the socially responsible crowd. You might want to add various Wall-Street financial firms to the list of the damned given their recent antics." | ||
| Simply spectacular | ||
| 11/21/08 Permlink Report Broken Link | Graham Value Investing Stingy Investing | ||
| "It's been a rough year for investors. But you wouldn't have known it if you had followed Benjamin Graham's advice. Instead of bemoaning losses, you would be counting profits." | ||
| Who's buying? | ||
| 10/28/08 Permlink Report Broken Link | Markets Stingy Investing | ||
| "Remember, when dealing with Mr. Market, fear is the cost of getting a good price. It looks very grim out there and it might get worse. But stock prices will reach their lowest when uncertainty reigns and expectations are at their lowest. Investors are currently very fearful and we think that it's time to get greedy." | ||
| Income 2008 | ||
| 09/23/08 Permlink Report Broken Link | Dividends Stingy Investing | ||
| "Do you dream of relaxing on a sunny beach, drink in hand, while your investment portfolio throws off piles of cash? That's the life of an income investor. To help you get to that beach as quickly as possible, we have once again ranked the biggest trusts and stocks in Canada based on their ability to put steady streams of cash into your wallet." | ||
| Rebundling Passive Performance | ||
| 08/19/08 Permlink Report Broken Link | Indexing Brokers Thrift Stingy Investing | ||
| "Advisors using actively managed funds have taken a beating from index-fund advisors in the popular press over the issue of fees. But the argument for indexing is usually made by relying on raw index returns and usually targets investors who don't want advice. The case for indexing is substantially weaker when all of the costs associated with advice on passive portfolios are added up." | ||
| MoneySense Top 200 Summer Update | ||
| 07/01/08 Permlink Report Broken Link | Stingy Investing | ||
| "For most of us, picking stocks is as tricky as ordering a seven-course dinner at a swanky new restaurant. Lots of items on the menu sound appetizing, but that's where our knowledge ends. Rather than simply point and hope, smart diners look for an expert opinion on the restaurant's offerings. To provide smart investors with a similar scouting report, we're pleased to present you with our candid take on all of Canada's largest stocks. We've worked hard to produce a rating system that's easy to use, logical, and appealing to all types of investors. We think the Top 200 provides you with a more objective look at large Canadian stocks than you're likely to find from any other single source. If you're looking for a sensible take on any large Canadian stock, you'll find the Top 200 to be an invaluable way to generate promising investment ideas." | ||
| Active Fund Performance At A Passive Price | ||
| 06/25/08 Permlink Report Broken Link | Funds Stingy Investing | ||
| "Frugal investors are often attracted to index and exchange traded funds because they offer a simple way to buy a diversified stock portfolio at a low cost. But there are other options for thrifty individuals who want to take a more active approach. I explored the money-saving possibilities of buying stocks held by index funds instead of the index funds themselves in the May 2008 edition of the Canadian MoneySaver. This month, I'll investigate a similar method for active funds where the potential savings can be much higher." | ||
| How $10 trades change everything | ||
| 06/24/08 Permlink Report Broken Link | Brokers Stingy Investing | ||
| "In the latest Wealthy Boomer video interview -- which went up today -- Norman Rothery of The Rothery Report comes to an interesting conclusion about online trading and $10 commissions (or $9.95, which amounts to the same thing.) With a full-service brokerage, exchange-traded funds (ETFs) are a convenient way to get access to multiple stocks with a single trade. But once you move from commissions in the multiple hundreds of dollars to $10 a trade, suddenly it becomes cost-effective for individual investors to buy each component stock in an index, or cherry-pick the better ones." | ||
| DRIPs a cheap way to invest | ||
| 06/24/08 Permlink Report Broken Link | Brokers DRPs Stingy Investing | ||
| "There's no free lunch, even when investing on your own without an adviser. You still pay commissions to buy company shares, exchange-traded funds and income trust units. But you can get a free dessert (so to speak) if you reinvest the dividends to buy more shares, ETFs and trust units." | ||
| Value investors: Beware the value trap | ||
| 06/23/08 Permlink Report Broken Link | Value Investing Stingy Investing | ||
| "Norm Rothery, chief investment strategist at Windsor, Ont.-based investment research and counselling firm Dan Hallett & Associates Inc., recommends investors avoid value traps by using a nine-point system developed by Joseph Piotroski, professor of accounting at Stanford University. According to his system, returns on assets and cash flow from operations should be positive. Also, there should be momentum in fundamentals: For example, gross margins and debt should be changing for the better. Still, it's inevitable even the best of the value practitioners will stumble into value traps on occasion." | ||
| Unbundling Canadian ETFs 2008 | ||
| 06/21/08 Permlink Report Broken Link | Indexing Thrift Stingy Investing | ||
| "It is easy to get a simple, low fee, and broadly diversified portfolio with ETFs. Most investors can safely stop here. But perhaps I can entice you to read on about a few specialized situations. When it comes to ETFs I like to consider two options for long-term investors. The first option is to purchase the ETF and hold on. The second option is to bypass the ETF and buy the stocks that it owns. At first glance, the choice between buying a low-cost exchange-traded fund that holds many stocks or buying each individual stock appears to be obvious. The exchange-traded fund is likely to be the better bargain. However, buying stocks directly may be a good choice for some investors because the Canadian stock market is very small and it is dominated by a few big names. By holding only a few stocks you can reasonably approximate, or even fully replicate, some ETFs." | ||
| Are your stocks protected by moats? | ||
| 05/29/08 Permlink Report Broken Link | Buffett Books Stingy Investing | ||
| "Thanks to The Rothery Report's Norman Rothery - with whom I had the pleasure of dining this week - I came across a copy of a book that is focused on the topic of economic moats. It's called The Little Book That Builds Wealth (Wiley, 2008), by Pat Dorsey, who is the director of equity research at Morningstar Inc. Morningstar is famous for its mutual fund ratings, but also rates individual stocks using an 'economic moat' rating system. The book divulges most of its approach to this system and makes for a fascinating read." | ||
| Find the right broker for you | ||
| 04/14/08 Permlink Report Broken Link | Brokers Stingy Investing | ||
| "Your next stop is the Stingy Investor website. (Go to www.ndir.com and search for Canadian discount brokers). It's run by Norm Rothery, chief investment strategist at Dan Hallett & Associates Inc. Here you can find up-to-date comparisons of the fees and commissions charged by 15 Canadian online brokerages (as well as phone numbers and email addresses). What you pay usually depends on how many trades you make per quarter or year, how many shares you buy at a time and how many dollars you have in assets at the firm." | ||
| Graham's metrics still apply | ||
| 04/04/08 Permlink Report Broken Link | Value Investing Graham Stingy Investing | ||
| "Benjamin Graham, the father of modern security analysis, was a professor at Columbia University, taught Warren Buffett and wrote the most famous -- and arguably the best -- book on investing, The Intelligent Investor, first published in 1949. In a chapter on stock selection for defensive investors, he said they should look for large, dividend-paying companies with little debt and a consistent record of profitability, whose shares trade at low multiples to earnings and book value. We applied Graham's criteria to the Canadian market, using the FP Corporate Analyzer program to identify companies Graham would likely find attractive." | ||
| Canadian Discount Broker Commissions | ||
| 03/29/08 Permlink Report Broken Link | Brokers Stingy Investing | ||
| "Our discount broker study referred to in Saturday's Financial Post" | ||
| Do-it-yourself broker | ||
| 03/28/08 Permlink Report Broken Link | Brokers Stingy Investing | ||
| "Individual investors continue to flock to online investing as a low-cost alternative to full-service brokerage accounts. As of December, 2007, Canadians had $179-billion invested in online or discount brokerage accounts, according to Investor Economics Inc. That's no trivial amount, although it's still dwarfed by the $720-billion stashed in full-service accounts, says senior consultant Guy Armstrong. "We're still predominantly an advice-oriented society."" | ||
| Small stocks, big profits | ||
| 03/27/08 Permlink Report Broken Link | Value Investing Growth Investing Stingy Investing | ||
| "Each December I grade the largest stocks in Canada for the MoneySense Top 200 ranking. But, as a personal project, I've also been grading Canada's smaller stocks at the same time, using the same methodology. The result? Over the past three years the top small stocks have actually done better than their larger counterparts in the Top 200. In 2004 the top small stocks gained 54.8%. In 2005 the tiny superstars climbed 44.6%. In 2006 the pint-sized overachievers advanced a further 18.3%. If you had bought the top-rated top small stocks in 2004 and rolled your gains into the new bunch each subsequent year, you would now be up 170%, not including dividends. That compares to a gain of about 152% for the top-rated stocks in the Top 200." | ||
| 5 Stingy Stocks for 2008 | ||
| 02/12/08 Permlink Report Broken Link | Value Investing Stingy Investing | ||
| "I look for two qualities when hunting for bargain stocks: they must be cheap and relatively safe. Not surprisingly, it is often difficult to find stocks that are both cheap and safe." | ||
| Income 100 Update | ||
| 02/10/08 Permlink Report Broken Link | Value Investing Stingy Investing | ||
| "Looking for a steady cash flow? We've rated the best Canadian stocks and trusts for income investors. We've assessed 100 income trusts and 100 income-generating stocks for their ability to provide generous income for a reasonable price. The top firms get an A; good ones land a B. Our grades are based on market capitalization, yield (how much they pay out), reliability (how safe is the payout), and value (lots of assets at a low price). Use our grades as a starting point for your own research. Like any investment screen, the Income 100 is intended to help you hit upon a few good ideas that may deserve a place in your investment portfolio." | ||
| Canadian Discount Broker Commissions Updated | ||
| 01/04/08 Permlink Report Broken Link | Brokers Stingy Investing | ||
| "Our list of the commissions charged for online trades by Canadian discount brokers." | ||
| Upside/downside calculator now with 2007 data | ||
| 01/03/08 Permlink Report Broken Link | Markets Stingy Investing | ||
| "Select a portfolio composed of up to 11 major asset types, then pick start and end dates. The calculator tells you how much you would have made or lost." | ||
| The Top 200 Canadian Stocks for 2008 | ||
| 01/01/08 Permlink Report Broken Link | Value Investing Growth Investing Stingy Investing | ||
| "This is the fourth annual MoneySense Top 200 and we are pleased to say that connoisseurs have dined out very well on our past reviews. In each previous edition, we picked what we call All-Around All-Stars - stocks that score well on both our growth and value tests. Our All-Stars have consistently produced double-digit returns. The 2006 team achieved average returns of 16%, while the 2005 All-Stars gained 38%, and the 2004 squad soared an amazing 58%. An RRSP investor who put $10,000 into the 2004 picks and rolled his or her gains into the new All-Star team each subsequent year would now have $25,200. And those results don't include the generous dividends that we picked up along the way." | ||
| 5 Graham Stocks for 2008 | ||
| 12/28/07 Permlink Report Broken Link | Value Investing Stingy Investing | ||
| "Over the past seven years I've used my take on Benjamin Graham's time-tested strategy for defensive investors to uncover undervalued U.S. stocks. I'm pleased to say that the overall results have been stellar and last year's numbers were outstanding. The performance of each year's Graham stocks, the performance of the S&P500 (as tracked by the SPY exchange-traded fund), and the difference between the two is shown in Table 1. You can see that the Graham stocks have beaten the S&P500 in six of the last seven years and often by a substantial margin. An investor who bought each year's Graham stocks, sold, and then bought the next crop of stocks would have gained 507% (or 32% annually**) whereas a buy and hold investment in SPY units would have gained only 22%." | ||
| Value that sizzles | ||
| 12/27/07 Permlink Report Broken Link | Value Investing Momentum Stingy Investing | ||
| "I bought into Fairfax Financial when it was hit by a tsunami of bad news in 2002. Short sellers were betting it would collapse - which is one reason I thought it was a buy. I like beaten-down stocks because I'm a contrarian and a value investor. I think that desperate situations such as Fairfax in 2002 are the ones that hold the potential for the biggest profits. Most people, though, hesitate to wager a big chunk of their hard-earned money on distressed stocks - and for understandable reasons. One problem with investing in companies like Fairfax is that you may have to wait years to see a profit. Another problem with deep-value investing is that it's not at all unusual to buy into a beaten-down firm, then watch it get even more beaten up. This can be deeply stressful. A good way to sidestep these problems is to marry the frugality of value investing with the price action of momentum investing. You buy cheap stocks, but only after their prices have rebounded. By looking for stocks with a bit of price momentum, you are waiting for the market to signal that the worst is over for the firm." | ||
| The Top 500 U.S. Stocks for 2008 | ||
| 12/14/07 Permlink Report Broken Link | Stocks Value Investing Growth Investing Stingy Investing | ||
| "Some extraordinary qualities are needed to make our list of top stocks. On the value front, all our chosen stocks pay a dividend and sell for modest price-to-sales and price-to-book-value ratios. On the growth side, they demonstrate strong increases in sales per share and earnings per share. In addition, most generate healthy returns on equity, carry relatively little debt, and enjoy rising share prices. Keep in mind, though, that these stocks are controversial. After all, strong growth is rarely to be had at rock-bottom prices without some risk." | ||
| Is your index too active? | ||
| 11/23/07 Permlink Report Broken Link | Indexing Stingy Investing | ||
| "Index funds are increasingly popular with savvy investors seeking low-cost diversified portfolios. As an added bonus, they often outperform many mutual funds. Indeed, Warren Buffett said in his 1993 annual letter to shareholders, 'By periodically investing in an index fund, for example, the know-nothing investor can actually out-perform most investment professionals.' But there is an astonishingly easy way to beat the index at its own game. It turns out that indexes are too active. That is, they tend to buy and sell stocks too frequently which puts a damper on their performance." | ||
| Graham's Simple Way | ||
| 11/23/07 Permlink Report Broken Link | Graham Value Investing Stingy Investing | ||
| "Warren Buffett's insurance company GEICO is currently running a series of humorous ads featuring the line, 'So easy even a caveman can do it'. In a curious twist of fate, Buffett's mentor Benjamin Graham developed a way to pick stocks that even cavemen would appreciate. Graham described his Simple Way in a 1976 article called The Simplest Way to Select Bargain Stocks that can be found in Janet Lowe's book The Rediscovered Benjamin Graham. Given its recent success, these days stock-picking cavemen are dining out on mammoth steak." | ||
| So simple it works | ||
| 10/14/07 Permlink Report Broken Link | Graham Value Investing Stingy Investing | ||
| "Value investing is so easy that your grandfather can do it - that is, if he follows the advice of Ben Graham, the grandfather of value investing. Back in 1976, Graham, a Wall Street financier and Columbia University professor, developed what he called The Simplest Way to Select Bargain Stocks. Investors who followed his approach have been riding the gravy train ever since." | ||
| The Income 100 | ||
| 08/13/07 Permlink Report Broken Link | Dividends Value Investing Stingy Investing | ||
| "A year ago we helped you target Canada's best income trusts in our second All-Canadian Trust Guide. We ranked the largest trusts in Canada and assigned each a letter grade depending upon how its financial numbers stacked up. Despite the carnage in the trust sector as a result of new tax rules introduced in late 2006, our picks hit the bulls-eye. Our top-flight trusts - those rated either A or B - gained an average of 11.7% over the past year. That continues a streak of strong performance. Since we started ranking trusts in 2005, our top trusts have gained a total of 44.9%." | ||
| No assembly required | ||
| 07/30/07 Permlink Report Broken Link | Real Estate Dividends Stingy Investing | ||
| "Many of us would love to become landlords - if it just weren't for those darn tenants. Every prospective landlord hears stories about deadbeat tenants who skip town without paying the rent. And even if you have good tenants, the life of a property entrepreneur isn't easy. Nothing takes the shine off a potential investment faster than the thought of fielding complaints at two in the morning about clogged toilets or devoting part of your weekend to fixing the broken-down washing machine at your rental property. Fortunately, there is an easier way to become the next Donald Trump. Rather than buying rental units directly, why not invest in property through Real Estate Investment Trusts?" | ||
| Canadian stocks that Benjamin Graham might like | ||
| 05/01/07 Permlink Report Broken Link | Value Investing Graham Stingy Investing | ||
| "I like to hunt for U.S. value stocks using Benjamin Graham's criteria for defensive investors. The method focuses on solid companies trading at modest prices. You can read all about it in Graham's book The Intelligent Investor which deserves a spot on every investor's bookshelf. But I'm often asked for Canadian stocks that pass Graham's test. This month I've found five candidates that the master might like." | ||
| Investing by the book | ||
| 03/16/07 Permlink Report Broken Link | Value Investing Stingy Investing | ||
| "Investors love profits - the bigger the better. But when evaluating potential stock buys, it's important to consider more than just how much a company earns. You should also take a gander at what it owns. You can often spot valuable opportunities when you find solid assets selling for low prices. One way I like to look for bargains is by examining a company's book value. This is the historical value of all its assets minus its liabilities. The price-to-book-value ratio (P/B) that you see quoted on many financial websites compares this book value to the current price of the company's shares. If you buy stocks with low P/Bs, you're buying assets at a bargain price." | ||
| 5 Stingy Stocks for 2007 | ||
| 02/07/07 Permlink Report Broken Link | Value Investing Stingy Investing | ||
| "Since a rocky start in 2001, the stingy stocks have provided a total gain of 183.6% assuming that the old stocks were sold and the new stocks purchased each year. In comparison, the S&P500 (as represented by the SPY exchange-traded fund) lagged by 151.3 percentage points over the same period." | ||
| The Top 200 Stocks | ||
| 01/26/07 Permlink Report Broken Link | Value Investing Growth Investing Stingy Investing | ||
| "Want to go hunting for buried treasure? Then join us as we once again dig up the shiniest prospects among Canada's largest 200 stocks in the third annual MoneySense Top 200. We're pleased to say that the first two versions of the Top 200 have been a great success. Look, for instance, at our All-Around All-Stars from last year. These were the handful of stocks that scored well for both good value and good growth prospects. Since we selected them in November 2005, they have gone up in price by an average of 37.6%. Fold in the 57.6% return from the 2004 version of the All-Around All-Stars and our top picks are up 116.8% over the past two years. Yes, you heard that right. Someone who invested in our All-Around All-Stars from 2004 then rolled their gains into our top picks from 2005 would have more than doubled their money in two years - and their 116.8% gain doesn't even include the dividends they would have collected along the way." | ||
| Eight Graham Stocks for 2007 | ||
| 12/29/06 Permlink Report Broken Link | Value Investing Graham Stingy Investing | ||
| "Over the past six years I've used Benjamin Graham's time-tested strategy for defensive investors to uncover undervalued U.S. stocks. Overall the results have been stellar but last year the method hit a speed bump and posted a small loss." | ||
| Southern stars: The Top 500 U.S. Stocks | ||
| 12/18/06 Permlink Report Broken Link | Value Investing Growth Investing Stingy Investing | ||
| "If you're intrigued by the results of our Top 200 listing of Canada's largest stocks, you may be interested in extending your search for good investments beyond Canada's borders. If so, we invite you to join us as we embark on a road trip through the largest 500 stocks in the U.S. Our goal? To find tomorrow's stars today." | ||
| Invest like the masters | ||
| 12/01/06 Permlink Report Broken Link | Value Investing Stingy Investing | ||
| "Want to invest like a master? Then look to the works of Warren Buffett, Peter Lynch, David Dreman, and James O'Shaughnessy. These four gentlemen are all great investors, and all of them have either written books on how to invest or, in Buffett's case, produced years of informative shareholder letters. Remarkably, none are shy about sharing their market-beating techniques. In this feature, we examine how each of these wizards thinks and we spell out what each looks for in a stock. But that's just for starters. We've also scoured the markets for stocks that our famous investors might be interested in buying right now." | ||
| Hit reset: online calculators | ||
| 11/12/06 Permlink Report Broken Link | Stingy Investing | ||
| "Replay history: We've mentioned this calculator before and we'll do so again it's a wonderful way to see how different investment strategies would have fared over the years. You select a portfolio composed of up to six major asset types, then pick start and end dates. The calculator tells you how much you would have made or lost. Our take: A great way to try out various approaches to investing without betting a dime of real money. You may be surprised at the volatility of even the best-balanced portfolio." | ||
| A simple way to get rich | ||
| 11/03/06 Permlink Report Broken Link | Stingy Investing | ||
| "I suggest taking a tip from Benjamin Graham, the legendary Wall Street financier and Columbia University professor who taught Warren Buffett about investing. Graham devised many techniques for identifying undervalued companies, but particularly remarkable is the record of his Simple Way formula, which he outlined in a 1976 article called The Simplest Way to Select Bargain Stocks. Despite its utter lack of complexity, this recipe has been a smashing success. I highlighted the Simple Way to MoneySense readers in early 2004 and I provided an update in 2005. I'm pleased to report that both batches of Simple Way stocks have performed superbly, gaining an average of 45.2% in less than 32 months, not including dividends. Over the same period the S&P500 was up only 16.3%." | ||
| Top stocks with share purchase plans | ||
| 10/30/06 Permlink Report Broken Link | Stingy Investing | ||
| "The long-term risk-averse investor should consider three factors when selecting stocks with Share Purchase Plans (SPPs). First, they should demand a low price. Second, they should require earnings stability. Finally, investors should look for modest, but not necessarily spectacular, earnings growth." | ||
| The simple way | ||
| 10/26/06 Permlink Report Broken Link | Stingy Investing | ||
| "Benjamin Graham is often called the father of value investing and during his lifetime provided the world a variety of useful stock-selection techniques. Remarkably, some of his simplest methods have continued to outperform long after his passing. Although many of Graham's methods are easily described, their continued success relies on the fact that they can be psychologically hard to put into practice. Very few people truly have the temperament to be value investors and while it's relatively easy to find value stocks holding them is the real test. Value stocks usually become inexpensive for a variety of unappealing reasons. As a result, even when value stocks are identified, relatively few investors want to buy them. Even worse, a few value stocks inevitable do badly and decline as their business weakens which tends to scare off investors." | ||
| Canada's best income trusts | ||
| 08/22/06 Permlink Report Broken Link | Stingy Investing | ||
| "A year ago we decided to guide our readers through the murky world of income trusts. To shed some light on the subject, we ranked 100 of the largest income trusts in our first annual All-Canadian Trust Guide. We used entirely objective criteria and assigned each trust an A, B, C, D or F grade depending upon how its numbers stacked up. We figured that our top-rated trusts might provide you with a few good starting points for your own research. We're pleased to say that our humble efforts yielded solid returns. Our top-of-the-class trusts - those rated either A or B - gained an average of 29.7% (and that's without reinvesting distributions) since we did our ranking. We think most investors would be delighted with nearly a 30% annual return." | ||
| Upside/Downside Market View | ||
| 06/21/06 Permlink Report Broken Link | Stingy Investing | ||
| "Select a portfolio composed of up to six major asset classes, as per your specification, and find out how it has done since 1970." | ||
| Stocks for cannibals | ||
| 06/09/06 Permlink Report Broken Link | Stingy Investing | ||
| "There's nothing like cashing your first dividend cheque to develop your taste for raw capitalism. That's when it hits you that simply by buying a share in a firm you can enjoy a perpetual stream of dividend income with no further sweat or toil. But dividends are only the most obvious way that companies reward shareholders. You can also reap big benefits when companies decide to buy back their own stock." | ||
| Is that a hole in your IPO? | ||
| 06/03/06 Permlink Report Broken Link | Stingy Investing | ||
| "It also nicely illustrates why most main street investors should avoid IPOs entirely. Regular investors rarely get quality IPO shares before public trading begins. On the other hand, buying at sky-high prices when trading starts can set up long-term investors for a big fall." | ||
| Monkey Business | ||
| 04/17/06 Permlink Report Broken Link | Stingy Investing | ||
| "Can an active fund that charges ten times as much as an index fund be expected to outperform the index fund? The case could be made in extraordinary circumstances, but it might be more fruitful to see if index funds themselves could be made even better. Interestingly those clever monkeys might have had the answer all along." | ||
| 8 Stingy Stocks for 2006 | ||
| 03/01/06 Permlink Report Broken Link | Stingy Investing | ||
| "I look for two qualities when hunting for bargain stocks: they must be cheap and they must be safe. Not surprisingly, it is often difficult to find stocks that are both cheap and safe." | ||
| Graham Stock Gainers | ||
| 02/20/06 Permlink Report Broken Link | Stingy Investing | ||
| "Over the past five years I've used Benjamin Graham's time-tested strategy for defensive investors to uncover undervalued U.S. stocks. So far, the results have been breathtaking." | ||
| Blue-Chip Blues | ||
| 02/09/06 Permlink Report Broken Link | Stingy Investing | ||
| "I like to look through lists of beaten down stocks for good bargains. Naturally, I don't expect to find a good value every time but there are often a few candidates that make the search worthwhile. During a recent search I was pleasantly surprised to spot several gleaming brand names languishing unloved in the bargain bin." | ||
| Car bites dogs | ||
| 02/09/06 Permlink Report Broken Link | Stingy Investing | ||
| "I like to begin each year by hunting for dividend income with the Dogs of the Dow and the Dogs of the TSX. Both versions of the time-honored Dogs strategy start from the simple premise that blue-chip stocks are too big to fail. The theory goes that if you can buy these stocks when they're in the doghouse and temporarily cheap, you can benefit from their juicy dividend yields and maybe even cash in on some capital gains as their share price recovers." | ||
| Is Dividend Income Safe? | ||
| 01/07/06 Permlink Report Broken Link | Stingy Investing | ||
| "After the collapse of the Internet bubble many investors turned to the relative safety of dividend income. At the risk of being labeled a "gloomy Gus", I have to point out that dividends aren't 100% safe. The intrepid dividend investor must be on the constant lookout for dividend cuts, inflation and high prices." | ||
| Yankee doodle dandies: the top 1000 U.S. stocks | ||
| 12/16/05 Permlink Report Broken Link | Stingy Investing | ||
| "This year we've expanded our successful stock selection method to cover 1,000 of the largest stocks in the U.S. We've focused only on the very best stocks and moved our giant Top 1,000 U.S. Stocks table online with all the detailed information that you've come to expect from the Top 200." | ||
| So easy, so profitable: Benjamin Graham's Simple Way | ||
| 12/16/05 Permlink Report Broken Link | Stingy Investing | ||
| "If you're looking to pick up a few good value stocks, Benjamin Graham's Simple Way will tickle your fancy. Graham, who taught Warren Buffett, was the father of value investing. The system he outlined in his 1976 article, "The Simplest Way to Select Bargain Stocks" has since become a staple of savvy investors." | ||
| The Top 200: rating every major Canadian stock | ||
| 12/16/05 Permlink Report Broken Link | Stingy Investing | ||
| "We're pleased to say that our modest experiment succeeded beyond our wildest dreams. Our highest-ranked stocks gained an average of 57.6% since we picked them. That's right, you read correctly. We said 57.6%. Even our second-tier picks thumped the market by double-digit amounts." | ||
| Share Purchase Plans 2005 | ||
| 10/26/05 Permlink Report Broken Link | Stingy Investing | ||
| "The long-term risk-averse investor should consider three factors when selecting stocks with Share Purchase Plans (SPP). First, they should demand a low price. Second, they should require earnings stability. Finally, investors should look for modest, but not necessarily spectacular, earnings growth. I've used these three criteria to find interesting stocks for Canadian MoneySaver readers in 2001 and 2003. In this article, I take a look at the performance of my past picks and provide a new list of SPP stocks to consider." | ||
| Graham's Simplest Way | ||
| 10/21/05 Permlink Report Broken Link | Stingy Investing | ||
| "Benjamin Graham is often called the father of value investing and during his lifetime provided the world a variety of useful stock-selection techniques. Remarkably, some of his simplest methods have continued to outperform long after his passing. Although many of Graham's methods are easily described, their continued success relies on the fact that they can be psychologically hard to put into practice." | ||
| The hunt for value | ||
| 05/07/05 Permlink Report Broken Link | Stingy Investing | ||
| "A key premise of value investing is that markets usually overreact to negative news, pushing stocks below their true value as the herd mentality takes hold. That's when value investors swoop in and pick up shares at a hefty discount. To be successful, a strong contrarian streak is essential. Having loads of patience is also important, because the market often takes years to recognize the value it's been overlooking. And during that time, a stock can give investors fits. "Most people probably can't be value investors because they don't have the temperament for it. They'll buy a few stocks and then they'll get spooked out of them and sell," says Norm Rothery, founder of StingyInvestor.com and a financial consultant with Dan Hallett and Associates Inc." | ||
| Selling Graham Stocks | ||
| 05/07/05 Permlink Report Broken Link | Stingy Investing | ||
| "While discussing Graham's method for defensive investors, many people asked me how Graham went about selling such stocks. Regrettably, Graham didn't provide a clear selling strategy, but there are a few simple approaches that investors can use." | ||
| Dogs of the Dow: these dogs can bite | ||
| 05/07/05 Permlink Report Broken Link | Stingy Investing | ||
| "Want proof? It turns out that 1999 was the worst year on record for the Dogs of the TSX. David Stanley, University of Guelph professor emeritus, tracks the Dogs of the TSX and rebalances his portfolio each year on May 25. Stanley calculates that the Dogs have gained an average of 13% a year since 1987, trouncing the index by 3.6 percentage points a year." | ||
| A Season for Money Market Funds | ||
| 02/28/05 Permlink Report Broken Link | Stingy Investing | ||
| "Many investors suffer from procrastination and leave their RRSP decisions to the last possible moment. If you're part of this group then I'm right there with you. Although I don't leave things to the last possible moment, I have been known to top up my RRSP with only a few days to spare." | ||
| 4 Stingy Stocks for 2005 | ||
| 02/21/05 Permlink Report Broken Link | Stingy Investing | ||
| "I look for two qualities when searching for qbargain stocks; they must be cheap and they must be safe. Not surprisingly, it is often difficult to find stocks that are both cheap and safe. Indeed, the popularity of value investing has increased and good deals are becoming rare." | ||
| High Performance Graham Stocks | ||
| 02/18/05 Permlink Report Broken Link | Stingy Investing | ||
| "Over the past four years I've used Benjamin Graham's time-tested strategy for defensive investors to uncover undervalued U.S. stocks. In many ways my series on Graham stocks was well timed because, after years of underperformance in the late 1990s, value stocks staged a strong comeback in the early 2000s. Graham's approach has certainly benefited from changed market sentiment and I'm happy to report another year of stellar returns." | ||
| The top 200: rating every major Canadian stock | ||
| 02/09/05 Permlink Report Broken Link | Stingy Investing | ||
| "Our Top 200 caters to both the value and growth camps. We began by finding Canada's 200 largest companies on the basis of revenue. Using data supplied from the Thomson Baseline database, we then evaluated each of these big firms using two screens - one to test its attractiveness as a value investment; the other to evaluate its appeal as a growth investment." | ||
| Intelligent Indexing | ||
| 12/24/04 Permlink Report Broken Link | Stingy Investing | ||
| "Investors hurt by the speculative bubble in internet stocks have turned from high-fee technology funds to lower-fee index funds. The relative advantages of intelligent indexing are super-low fees, broad diversification, and relative simplicity." | ||
| Money for nothing | ||
| 10/25/04 Permlink Report Broken Link | Stingy Investing | ||
| "When you find a dollar on the sidewalk, do you pick it up? I bet you do. After all, free money doesn't come along every day. What you may not know is that the stock market also offers up cheap money from time to time. You just have to learn how to spot it." | ||
| Unbundling Canadian ETFs | ||
| 07/12/04 Permlink Report Broken Link | Stingy Investing | ||
| "Consider two options for the truly long-term index investor. The first option is to purchase an iUnit ETF and the second option is to buy the index's stocks directly. At first glance, the choice between buying a low-cost exchange-traded fund that holds many stocks or buying each of the stocks directly appears to be obvious. The exchange-traded fund is likely to be the better bargain. However, buying the stocks directly may be better for some investors because the Canadian stock market is very small and it is dominated by a few big names. As a result, one might reasonably approximate an index fund by holding only a few stocks." | ||
| Yield of dreams | ||
| 07/05/04 Permlink Report Broken Link | Stingy Investing | ||
| "From 1970 to 2003 the top-yielding stocks outperformed the average stock by 1.9 percentage points a year. Their superiority was even higher if you looked at just the period between 1984 to 2003, when they showed an average annual advantage of 2.1 percentage points. And it was higher still if you focused on 1994 to 2003, when high-yield stocks beat the average stock by an average 2.2 percentage points a year." | ||
| A brief history of high yield stocks | ||
| 06/13/04 Permlink Report Broken Link | Stingy Investing | ||
| Stocks that sport a healthy dividend yield are often derisively called 'widow and orphan' stocks to reflect their stable nature. As it turns out, widows and orphans have been onto a good thing. | ||
| A Dynamic Duo | ||
| 05/13/04 Permlink Report Broken Link | Stingy Investing | ||
| Two remarkable value gurus provide free advice in their regular reports. Naturally, these reports should be on every investor's reading list. | ||
| A Canadian Graham Stock | ||
| 03/03/04 Permlink Report Broken Link | Stingy Investing | ||
| Over the last three years I've highlighted Benjamin Graham's time-tested strategy for defensive investors in an effort to uncover undervalued U.S. stocks. Based on the relative success of the method, many people have asked me to apply the approach to the Canadian markets. | ||
| Return of the master | ||
| 02/25/04 Permlink Report Broken Link | Stingy Investing | ||
| "Benjamin Graham, the father of value investing, developed some of the earliest and most successful techniques for selecting stocks. Despite all the changes in the financial world since Graham's heyday on Wall Street in the 1930s, '40s and '50s, some of his simplest methods have continued to perform unusually well." | ||
| It's RRSP season but don't panic | ||
| 02/18/04 Permlink Report Broken Link | Stingy Investing | ||
| "To avoid the last minute RRSP panic, simply put new money into high-yielding short-term debt. Good old GICs, high-interest savings accounts, and treasury bills are all possibilities." | ||
| Dividends at risk | ||
| 02/05/04 Permlink Report Broken Link | Stingy Investing | ||
| Income-oriented investors have recently been put between a low-interest rate rock and a risky-stock hard place. Long-term government bonds yield little real income which has pushed investors into the stock market in search of healthy dividends. Regrettably, dividends are much less certain than interest and income-oriented investors should keep a close eye on dividend stocks for signs of weakness. Fortunately, there are several ways to tell if a stock's dividend is potentially at risk. | ||
| Eight Thrifty Value Stocks for 2004 | ||
| 01/01/04 Permlink Report Broken Link | Stingy Investing | ||
| "At the start of each year I search through the S&P500 in an effort to uncover a few thrifty value stocks. Aside from sticking to large companies, I also look for inexpensive yet profitable businesses with little debt. So far, the results have been quite gratifying." | ||
| Graham Stocks in Short Supply | ||
| 11/10/03 Permlink Report Broken Link | Stingy Investing | ||
| Over the past three years, I've used Benjamin Graham's time-tested strategy for defensive investors to uncover undervalued stocks. So far, the results have been extraordinary with significant gains each year. | ||
| The New Dividend | ||
| 09/24/03 Permlink Report Broken Link | Stingy Investing | ||
| "The once mighty dividend isn't what it used to be. Although dividends have regained some popularity, they remain largely supplanted by share buybacks with nearly half of all corporate distributions going to repurchase shares. Like dividends, buybacks represent a return of shareholders' equity but they have their own unique characteristics." | ||
| Hunting Goodwill | ||
| 06/30/03 Permlink Report Broken Link | Stingy Investing | ||
| "Watered stock is an old fashioned term that describes shares of companies with drastically overvalued assets. Reportedly, the term originates with the practice of ranchers feeding their cattle large amounts of water before going to market where the water-induced weight would fetch a higher price. Naturally, the buyer is not happy with this process. The crafty promoter can't take a stock to the pond for a fill up, but there are a variety of ways to mark up assets. A potential source of asset inflation is goodwill, which can be uncovered by investors who are willing to do a little work." | ||
| SPPs for 2003 | ||
| 02/28/03 Permlink Report Broken Link | Stingy Investing | ||
| "The long-term, risk-adverse investor should consider three factors when selecting stocks with a Share Purchase Plan (SPP). First, they should demand a low price. Second, earnings stability is desirable because most investors sleep better at night when they own stock of steady companies. Finally, investors should look for modest, but not necessarily spectacular, earnings growth." | ||
| It's RRSP season, but don't panic | ||
| 02/01/03 Permlink Report Broken Link | Stingy Investing | ||
| There is no reason to make rushed decisions when it comes to your RRSP. To avoid last minute RRSP pressure simply follow the RRSP three step; buy short-term debt, consult your investment policy, and wait to buy the right securities for your portfolio. You may have to hurry to make this year's RRSP contribution but you should take the time to find great investments. | ||
| Stingy Selections & Dartboard Dynamos | ||
| 12/27/02 Permlink Report Broken Link | Stingy Investing | ||
| Last year I attempted to achieve success by hand picking twelve value stocks from the S&P500. Well, I managed to avoid the success part. My twelve picks lost an average of 1.92% from December 5, 2001 to December 5, 2002. Mind you, this was much better than the S&P500 which fell by 22.12% over the same period. Normally outperforming the index by 20.20% would be cause for celebration but a loss is still a loss. | ||
| Desirable Dividends | ||
| 12/26/02 Permlink Report Broken Link | Stingy Investing | ||
| Dividends are making a big comeback with investors and it's not hard to see why. Many blue-chip stocks are now paying more than GICs, government bonds or high-interest savings accounts. The tax advantages of Canadian dividends makes them even more attractive. | ||
| 10 Graham Picks for 2003 | ||
| 11/29/02 Permlink Report Broken Link | Stingy Investing | ||
| December is filled with family, friends, and, for investors, the dreams of healthy dividends. In what has become a December tradition, I look at Benjamin Graham's strategy for defensive investors using the MSN.com stock screener. Long-time Canadian MoneySaver readers will note that this is the third time I've discussed Graham's conservative technique. | ||
| Growth Eh? | ||
| 11/05/02 Permlink Report Broken Link | Stingy Investing | ||
| Growth is what it's all about for investors. Every investor wants to see their portfolio grow and many attempt to generate wealth by buying growth companies. At first glance, it seems to be a simple matter to buy companies that have grown the most and, therefore, are likely to continue growing. Regrettably, as with many simple investment concepts, selecting growth stocks is fraught with difficulty. | ||
| Timing Disaster | ||
| 10/05/02 Permlink Report Broken Link | Stingy Investing | ||
| "The September issue of the Canadian MoneySaver contained an avalanche of articles that encouraged investors to time the market. These interesting approaches sparked my memory. I recently had the pleasure of reading Charles Ellis' book Classics: An Investor's Anthology which contains Robert Jeffrey's article The Folly of Stock Market Timing. The article included a startling figure showing the impact of market timing based on a simple strategy. I've updated his analysis in order to provide a cautionary tale to potential market timers." | ||
| Dangerous Diversification | ||
| 08/31/02 Permlink Report Broken Link | Stingy Investing | ||
| "Mutual fund diversification can quickly get out of hand and wind up costing investors a lot of money." | ||
| The Coffee Can Portfolio | ||
| 06/07/02 Permlink Report Broken Link | Stingy Investing | ||
| Robert Kirby thought that investors would be well served by purchasing small amounts of many stocks and then forgetting about them for ten years. While discussing his investment counsel business he related an interesting anecdote... | ||
| Down with the dogs | ||
| 03/11/02 Permlink Report Broken Link | Stingy Investing | ||
| "Investors seeking income often buy stocks that pay a healthy dividend. Canadian dividends are taxed more favorably than interest from GICs but dividends may be reduced and the initial investment is not guaranteed. Dividend investors employ a variety of popular approaches to pick stocks including dividend growth, relative dividend yield and the Dogs of the Dow. In this article I focus on the Dogs of the Dow which is wildly popular in both Canada and the U.S. but has its flaws." | ||
| Stingy Selections & Dartboard Dynamos | ||
| 12/31/01 Permlink Report Broken Link | Stingy Investing | ||
| I've put my feet in the fire by taking up the Canadian MoneySaver stock picking challenge. Check out my picks and those submitted by the dastardly dartboard. | ||
| Graham revisited | ||
| 11/29/01 Permlink Report Broken Link | Stingy Investing | ||
| Last December I reviewed the MSN.com stock screener and found nine stocks that fit Benjamin Graham's guidelines for defensive investors. In this article I look at how these stocks have performed and provide this year's list of candidates. | ||
| Just spend it | ||
| 10/29/01 Permlink Report Broken Link | Stingy Investing | ||
| I was recently asked by Jonathan Chevreau to make a few suggestions on what, given the times, should be done with a $10,000 windfall. An interesting question that is difficult to answer. Nonetheless, in this article I offer a few suggestions and take a look at the vexing choice between spending today and saving for tomorrow. | ||
| What to do with a $10k windfall | ||
| 09/22/01 Permlink Report Broken Link | Stingy Investing | ||
| I make an appearance in a National Post article with a few words on how to spend some instant wealth. | ||
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